Amazon.com, Inc. $AMZN Stock: WealthPlan Investment Management LLC Raises Holdings

WealthPlan Investment Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 30.6% during the third quarter, HoldingsChannel reports. The firm owned 112,796 shares of the e-commerce giant’s stock after buying an additional 26,448 shares during the period. Amazon.com comprises approximately 1.3% of WealthPlan Investment Management LLC’s portfolio, making the stock its 18th largest holding. WealthPlan Investment Management LLC’s holdings in Amazon.com were worth $28,103,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AMZN. SBE LLC DBA Cedar Cove Wealth Partners raised its stake in Amazon.com by 3.3% during the third quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 2,612 shares of the e-commerce giant’s stock worth $651,000 after buying an additional 83 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in Amazon.com by 4.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,959 shares of the e-commerce giant’s stock valued at $7,464,000 after buying an additional 1,383 shares during the period. Nvwm LLC boosted its position in Amazon.com by 0.5% during the third quarter. Nvwm LLC now owns 68,438 shares of the e-commerce giant’s stock valued at $17,050,000 after acquiring an additional 313 shares during the last quarter. Orgel Wealth Management LLC boosted its position in Amazon.com by 1.2% during the third quarter. Orgel Wealth Management LLC now owns 3,605 shares of the e-commerce giant’s stock valued at $898,000 after acquiring an additional 43 shares during the last quarter. Finally, Colorado Capital Management Inc. boosted its position in Amazon.com by 4.0% during the third quarter. Colorado Capital Management Inc. now owns 6,153 shares of the e-commerce giant’s stock valued at $1,533,000 after acquiring an additional 239 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMZN shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Amazon.com in a research note on Monday, August 3rd. Royal Bank Of Canada upped their target price on Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Oppenheimer reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Friday, July 31st. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $315.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $322.53.

Amazon.com Trading Down 1.0%

NASDAQ:AMZN opened at $248.00 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.06 and a beta of 1.45. The firm has a fifty day simple moving average of $255.56 and a two-hundred day simple moving average of $253.29. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The business’s revenue was up 19.6% compared to the same quarter last year. Analysts expect that Amazon.com, Inc. will post 7.55 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas Herrington sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $251.50, for a total transaction of $251,500.00. Following the transaction, the chief executive officer directly owned 474,681 shares of the company’s stock, valued at approximately $119,382,271.50. This represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,580,515 over the last three months. Insiders own 8.90% of the company’s stock.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon’s $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.